Subscribe to RSS feedLos Angeles cuts port rent in a bid to help box tenants
by
Rajesh Joshi, New York
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last modified
Dec 24, 2009 11:56 AM
THE PORT of Los Angeles has unveiled a 6% discount on the rent it charges its container terminal operators, as part of a relief package that is projected to save the tenants US$26m next year.
The temporary rent discount will save tenants US$20m through to the end of June and US$6m more in savings will be realised by other concessions, such as an empty container discount and lower rates for transhipment.
“While there are hints...
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